Ascending Triangle Breakout RGEN
After forming a double bottom in 2016 this stock has 6-8 months in accumulation forming an ascending triangle pattern with a clear horizontal level of break out. The breakout candle is an outside engulfing day making a convincing looking breakout.
Looking to enter on a pullback into 34 using the low of the breakout day as my stop level.
Target is previous high and yearly R2 pivot @ 42
Looking to enter on a pullback into 34 using the low of the breakout day as my stop level.
Target is previous high and yearly R2 pivot @ 42
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